Insolvency | Director & Creditor Advisory
Profirm Partners provides services and advice to individuals and businesses regarding insolvency situations:
- What to do when your customer goes into voluntary administration, liquidation, receivership and other external administration types;
- What to do as a Director when your business is nearing insolvency, you want to shut down your company, your company has had an external administrator appointed or you want to restructure your affairs;
- How to put a company that owes you money into liquidation and the impacts and costs of doing so; and
- Explaining the different types of insolvency events and the affect on you or your business.
We also provide services associated with insolvency events including:
- If you are a Director of a company that has entered external administration, we sit in your shoes to complete required documents which will allow you to focus elsewhere;
- If you are owed money from a company subject to an insolvency event, we represent your interests, including translating and summarizing reports, completing proof of debts and supporting documentation to maximise your return, explaining the process is simple language and obtaining clarity around timing and certainty of your payment so you can focus on your business;
- Attending creditor meetings on behalf of Directors or creditors, providing clarity on the impacts of voting at these meetings;
- Completion of Directors ROCAP, Questionnaires, collation of books and records, correspondence to Liquidators.
Structuring and Corporate Protection Mechanisms
Profirm Partners assists business owners with:
- Setting up corporate structures including companies, trusts, partnerships and joint ventures;
- Protecting the owners loan into their own company or to another company with bank-grade loan documentation;
- Registration of mortgages and security registrations on the PPSR
- Protecting unbilled work in progress and unpaid invoices for service based businesses at risk of not being paid;
- Mechanisms to protect assets including money from being accessible by disgruntled parties;
- Tax structuring to optimise outcomes within applicable law.
Our team is equipped with the expertise to guide you through the complexities of PPSR compliance, offering tailored solutions to help safeguard your business assets effectively including completion of PPSR registrations and registrations against property.
Accounting
As Chartered Accountants, we understand the technical side of accounting inside and out—but our focus isn’t on doing your bookkeeping or preparing your company accounts. Instead, we provide specialist advisory services to help you understand the accounting and tax impact of different business decisions before you make them. Whether you’re considering a restructure, entering into a new contract, investing in assets, or planning growth, we guide you through how those moves will be treated from both an accounting and taxation perspective. Our role is to ensure you make informed decisions with full visibility of the financial consequences.